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How would Bitcoin work for a sanctioned authoritarian regime like north Korea? Who would they trade it with for useful currency or goods? It's not like they can
by jjeaff 5y ago
How would Bitcoin work for a sanctioned authoritarian regime like north Korea? Who would they trade it with for useful currency or goods? It's not like they can just create a Coinbase account and cash in the Bitcoin for USD.
- jpetso 5y agoPerhaps not, but they can sell their crypto reserves to other actors who are in a position to exchange them, for stuff that's actually useful to them.